Since our last article on the Bloomberg New Energy Finance (BNEF) tier-1 panels back in 2019, there are major ranking changes in the top 5 positions as of Q2 2020. With an annual module capacity (AMC) of 18,000 MW, LONGi Solar jumped from position seven to the first place. Canadian solar was pushed into fourth position with 11,700 MW/year of AMC. Jinko, Risen and JA Solar continue to be in the top 5 list. Trina (9,450MW)and Q-Cells (9,630 MW) have moved down to position 7 and 6 respectively.
BNEF Tier-1 list tracks the “bankability” of solar panel manufacturers through their tier-1 panel lists. It started as a rating system to measure the credit worthiness of solar panel brands for the banking and other financial institutions. Then, over the years, it has become a de facto marketing strategy for advertisements of solar installers in Australia. In this 3-tier system, the tier-1 list usually has around 35 companies.
LONGi supplies over 30GW of solar modules globally. It is one of the world’s most valuable PV technology firms. Established in 2000, the company has revenue over $4,7 billion and considerable investment in R&D. They offer 30 year warranty on most of their modules. As of 2019, LONGi has a bi-facial module manufacturing capacity of 16GW. The maximum efficiency of their commercial P-type PERC is 24.06%. LONGi’s overseas network consists of six countries, with Australian office in Sydney.
Established in 1986, the company has presence in more than 30 countries in Europe, Africa, America and south east Asia, employing over 6500 manpower. All Risen PV products carry TUV, CE, UL, GS, ROHS, REACH, ISO14001 and ISO9001 certifications. The company deals in R&D, production and sales of panels, batteries and other PV technology products. Risen module catalogue includes state-of-art mono PERC, bifacial and 120 half cut panels. They have an annual production capacity of 6.6 GW. As of 2019, Risen has set a goal to procure upto 2GW of utility-grade solar farms in Australia.
Complete List of Tier-1 Solar Panels Q2 2020
|2. Jinko||20. Waree|
|3. JA Solar||21. Phono|
|4. Canadian Solar||22. Neo Solar|
|5. Risen||23. HT-SAAE|
|7. Trina||25. Vietnam Sunergy|
|8. First Solar||26. Hendigan|
|9. Talesun||27. Ulicia|
|10. Eging||28. Recom|
|11. Seraphim||29. Hyundai|
|12. Suntech||30. Leapton|
|13, Astronergy||31. S-Energy|
|14. ZNShine||32. Goldi Solar|
|15. Jolywood||33. Heliene|
|16. Sunpower||34. Sharp|
|17. Jinergy||35. Swelect|